NCR Voyix’s (VYX) Buy Rating Reiterated at Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of NCR Voyix (NYSE:VYX) in a research report sent to investors on Monday morning, Benzinga reports. Needham & Company LLC currently has a $20.00 price target on the stock.

A number of other brokerages have also commented on VYX. Royal Bank of Canada reiterated an outperform rating and set a $23.00 price target on shares of NCR Voyix in a report on Tuesday, March 5th. The Goldman Sachs Group initiated coverage on shares of NCR Voyix in a research note on Monday, March 18th. They set a neutral rating and a $14.00 target price for the company. DA Davidson decreased their price target on shares of NCR Voyix from $24.00 to $20.00 and set a buy rating for the company in a research note on Wednesday, March 6th. Finally, Northcoast Research raised shares of NCR Voyix from a neutral rating to a buy rating and set a $17.00 target price for the company in a research report on Tuesday, March 12th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus target price of $18.83.

NCR Voyix Trading Up 0.5 %

Shares of VYX opened at $12.61 on Monday. NCR Voyix has a 12 month low of $10.99 and a 12 month high of $19.01. The stock’s 50 day simple moving average is $14.11. The company has a market capitalization of $1.82 billion, a PE ratio of -4.19 and a beta of 1.58. The company has a debt-to-equity ratio of 102.52, a current ratio of 0.90 and a quick ratio of 0.71.

NCR Voyix (NYSE:VYX) last posted its quarterly earnings results on Thursday, February 29th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.92). The firm had revenue of $963.00 million for the quarter, compared to analyst estimates of $959.23 million. NCR Voyix had a positive return on equity of 21.46% and a negative net margin of 5.98%. The company’s revenue for the quarter was down .3% on a year-over-year basis. Equities research analysts predict that NCR Voyix will post 3.17 earnings per share for the current fiscal year.

About NCR Voyix

NCR Voyix Corporation provides various software and services in the United States, Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company operates through Retail, Hospitality, Digital Banking, Payments & Network, and Self-Service Banking segments. It offers managed services, including ATM-as-a-Service solutions that allow banks to run their end-to-end ATM channels; software, services, and hardware; and digital banking solutions for financial institution's consumer and business customers.